Baillie Gifford & Co. Cuts Holdings in Texas Instruments Incorporated (NASDAQ:TXN)

Baillie Gifford & Co. decreased its position in Texas Instruments Incorporated (NASDAQ:TXN - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,576,225 shares of the semiconductor company's stock after selling 308,155 shares during the period. Baillie Gifford & Co. owned approximately 0.28% of Texas Instruments worth $483,068,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning increased its stake in Texas Instruments by 7.1% in the third quarter. Creative Planning now owns 211,018 shares of the semiconductor company's stock valued at $43,590,000 after purchasing an additional 13,972 shares in the last quarter. Good Life Advisors LLC bought a new stake in shares of Texas Instruments during the third quarter worth about $408,000. Howard Capital Management Group LLC bought a new stake in shares of Texas Instruments during the third quarter worth about $202,000. Stratos Wealth Partners LTD. increased its position in shares of Texas Instruments by 9.4% during the third quarter. Stratos Wealth Partners LTD. now owns 46,354 shares of the semiconductor company's stock worth $9,575,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Moss Adams Wealth Advisors LLC increased its position in shares of Texas Instruments by 18.6% during the third quarter. Moss Adams Wealth Advisors LLC now owns 1,607 shares of the semiconductor company's stock worth $332,000 after acquiring an additional 252 shares in the last quarter. Institutional investors and hedge funds own 84.99% of the company's stock.

Insider Activity

In related news, Director Ronald Kirk sold 10,539 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $203.33, for a total value of $2,142,894.87. Following the transaction, the director now directly owns 14,323 shares of the company's stock, valued at approximately $2,912,295.59. This trade represents a 42.39 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mark A. Blinn sold 590 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $180.71, for a total value of $106,618.90. Following the completion of the transaction, the director now directly owns 11,717 shares in the company, valued at approximately $2,117,379.07. This represents a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.68% of the company's stock.

Analysts Set New Price Targets

TXN has been the subject of a number of recent analyst reports. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 price objective on shares of Texas Instruments in a research report on Friday, January 24th. Wells Fargo & Company reduced their price objective on shares of Texas Instruments from $215.00 to $208.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Robert W. Baird reduced their price objective on shares of Texas Instruments from $200.00 to $175.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Rosenblatt Securities reaffirmed a "buy" rating and issued a $250.00 price objective on shares of Texas Instruments in a research report on Tuesday, January 21st. Finally, Evercore ISI upped their price objective on shares of Texas Instruments from $268.00 to $298.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $209.20.

Texas Instruments Stock Up 3.9 %

TXN stock traded up $7.64 during midday trading on Thursday, hitting $203.96. The company's stock had a trading volume of 9,187,820 shares, compared to its average volume of 6,462,083. The company has a market cap of $186.06 billion, a PE ratio of 39.30, a P/E/G ratio of 3.02 and a beta of 0.97. Texas Instruments Incorporated has a 12 month low of $159.11 and a 12 month high of $220.38. The company has a current ratio of 4.12, a quick ratio of 2.88 and a debt-to-equity ratio of 0.76. The firm's 50-day moving average is $187.99 and its 200-day moving average is $197.23.

Texas Instruments (NASDAQ:TXN - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The semiconductor company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.10. Texas Instruments had a return on equity of 28.08% and a net margin of 30.68%. During the same period in the previous year, the firm posted $1.49 EPS. On average, equities research analysts forecast that Texas Instruments Incorporated will post 5.35 earnings per share for the current fiscal year.

Texas Instruments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Friday, January 31st were issued a dividend of $1.36 per share. The ex-dividend date of this dividend was Friday, January 31st. This represents a $5.44 annualized dividend and a dividend yield of 2.67%. Texas Instruments's payout ratio is 104.82%.

About Texas Instruments

Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers in the United States and internationally. The company operates through Analog and Embedded Processing segments. The Analog segment offers power products to manage power requirements across various voltage levels, including battery-management solutions, DC/DC switching regulators, AC/DC and isolated controllers and converters, power switches, linear regulators, voltage references, and lighting products.